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BusinessNewsPublished Apr 14, 2026 | 09:00am ETUpdated Apr 30, 2026 | 09:23pm ET1 min read

CDB Allocates $346,000 Grant to Enhance Caribbean Disaster Management Agency’s Operational Strength

Published Apr 14, 2026 | 09:00am ET

Updated Apr 30, 2026 | 09:23pm ET

GDP growth hits 4.2% as tourism and exports surge.

CDB Allocates $346,000 Grant to Enhance Caribbean Disaster Management Agency’s Operational Strength
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Becon Reporter

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The Caribbean Development Bank (CDB) has granted US$346,000 in technical assistance funding to the Caribbean Disaster Emergency Management Agency (CDEMA).

This initiative seeks to conduct an extensive institutional evaluation to reinforce CDEMA’s capability to assist Caribbean nations throughout all disaster phases—before, during, and after emergencies.

CDEMA, the regional Caricom body, coordinates disaster risk management across the Caribbean. The grant will enable CDEMA to engage expert consultants to assess its internal structure, workflows, and staffing, producing actionable recommendations for efficiency and sustainability improvements. Given the increased frequency and intensity of climate-related hazards, this support aims to equip CDEMA with optimized systems and skilled personnel to effectively fulfill its mandate now and in the long term.

Financed through the Caribbean Action for Resilience Enhancement (CARE) Programme by the European Union, the project aligns with collaborative EU-Caricom commitments to resilience.

The consultancy will also address gender equality policies and human resources strategies. This assessment represents a critical step in a broader reform process, which includes developing a Multi-Source Trust Fund with World Bank backing to secure sustained financing.

Implementation is slated for May 2026, complementing CDB’s strategic plan focused on institutional strengthening to foster resilience and sustainable growth in the region.

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